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Ofgem’s October Price Cap Rise Will Lift Typical Bills to £1,755

Most households remain on variable tariffs, making switching or usage cuts the fastest way to limit higher bills.

Overview

  • From 1 October the cap increases by about 2%, taking an average dual‑fuel bill from roughly £1,720 to £1,755, with prepayment customers averaging £1,707.
  • British Gas warns standard variable tariff customers that prices will go up under the new cap, and around 92% of households are currently on variable rates.
  • Below‑cap fixes are on sale, including an E.ON Next 12‑month deal around £1,577 via MoneySuperMarket, which is £143 below the current cap and £178 below October’s level, though exit fees of £50 per fuel apply.
  • Smart Energy GB research finds users who report savings estimate smart meters cut bills by about £176 a year and help people monitor consumption.
  • Experts highlight quick wins such as turning thermostats down 1°C to save over £100, draught‑proofing, switching to LED bulbs, smarter laundry routines and shorter showers, with combined measures potentially trimming bills by around £300 a year.